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Shanghai Metals Network: Lead prices fluctuate at low levels, downstream rigid demand procurement.

K-LinePoet
Today Shanghai Metal Network's 1# lead spot quotation: 15700-15800 yuan/ton, average price 15750 yuan/ton, down 50 yuan/ton from the previous trading day, with a discount of 180-80 yuan/ton against the 2608 contract. The US dollar index fell below the 101 support level, and lead prices slowed their decline with low-level fluctuations. As of the midday close, the main Shanghai lead contract rose by 10 yuan/ton, an increase of 0.06%. Spot market trading was average today, with lead prices slowing their decline and rebounding slightly, but overall remaining weak. Downstream buyers were cautious, mainly purchasing on a demand basis. (SHMET)
XPB0.32%
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